Morgan Stanley was the first major bank to forecast a 10 per cent increase in home prices in January, which was widely seen as aggressive at the time. With fresh data bolstering signs of a recovery, other banks have also lifted their 2026 estimates. According to a research paper published on Sunday, JPMorgan raised its…
Hong Kong’s residential property market made gradual and steady gains in the Year of the Snake, with the momentum set to continue in the Year of the Horse, according to the city’s largest real estate agencies. “The Year of the Snake marked the end of three years of decline and a strong rebound fuelled by…
Hong Kong-based Kerry Properties has won a tender for a residential plot in Shau Kei Wan for HK$1.38 billion (US$177 million), which drew heavy bidding interest from both mainland Chinese and local developers. Kerry beat seven other bidders for a 50-year grant for the 1,349-square-metre (14,523 sq ft) parcel in the Eastern district, the Lands…
As Hong Kong, mainland China and several other Asian markets usher in the Year of the Horse on Tuesday, the region’s commercial real estate sector is expected to draw increased cross-border capital, with certain segments set to outperform as mega-deals make a comeback, analysts said. Asia-Pacific was set to be a focus among global investors,…
A director of Hong Kong-based Prince Jewellery and Watch has sold a flat in Kowloon and upgraded to a two-storey unit in the same neighbourhood, with an analyst saying that wealthy homeowners are taking advantage of improving sentiment to swap their dwellings. Tang Yick-ki, a director at Prince Jewellery and Sky Regal Properties, completed both…
The son and former partner of fugitive Hong Kong tycoon Joseph Lau Luen-hung sold a three-bedroom luxury home in the upscale neighbourhood of Mid-Levels for HK$100 million (US$12.8 million), clearing about HK$40 million after holding the property for nearly two decades, according to official filings. The 1,948 sq ft flat on a high floor at…
Hong Kong’s so-called headquarters economy, in which the city serves as a regional and global base for corporate headquarters, is spurring recovery in the commercial real estate sector as analysts forecast an improved investment environment this year. The city’s battered office market showed signs of stability in 2025, with 2.1 million sq ft (195,000 square…
Hong Kong’s tender for a 3,132 square metre (33,712 sq ft) residential plot in Ngau Tau Kok, Kowloon East, has drawn nine bids, according to the Development Bureau. The site was estimated to be worth as much as HK$1.55 billion (US$198 million), according to real estate services provider CBRE. Sun Hung Kai Properties, Henderson Land…
Hong Kong commercial real estate is the Asia-Pacific region’s fifth most favoured investment destination for cross-border capital this year, underscoring an improved outlook for the city’s battered property market, according to a CBRE report. Hong Kong also recorded the second-highest number of luxury residential property deals among 12 super-prime markets worldwide in the last quarter…
Hong Kong’s property transactions slipped in January, official data showed, but agents are betting on a Lunar New Year “mini-boom” after several new-home launches sold out in recent weeks. Deals covering new and existing homes, offices, shops, car parking spaces and industrial units fell 15.2 per cent month on month to 7,631, while transaction value…